Trading remains flat ahead of Easter Bank Holiday

28 March, 2018

Nakhil Mahra

Trading remained flat yesterday as we saw rates continue in a tight range, all be it still the best rates for the best part of a year. After opening the day half a cent lower than close Monday evening, the afternoon session saw GBP gain back on both the Greenback and the single currency. With a lack date out this week, will we see profit taking on GBP by close tomorrow driving the rate lower before we head into April? Should this happen we can expect the Pound to lose ground on both its major pairings.

The days biggest change was seen on the EURUSD after Euro made a cent over the last week. Pushing on breaking the 1.25 mark briefly earlier this week, yesterday saw some profit-taking by investors and the rates dropping half a cent due to that. as well as some low key data across Europe all coming below expectation, aiding the USD’s resistance.

Today is another quiet day with the day’s only major releases coming from the US. If there is a specific rate you’re hoping to achieve, why not speak to your account manager about our limit orders.